Critical Elements Corporation discovers a new zone in drilling on the Rose deposit

MARCH 16, 2011 – MONTREAL, QUEBEC – Critical Elements Corporation (TSX-V: CRE) (US OTCQX: CRECF) (FSE: F12) is pleased to announce that a new zone has been discovered in drilling on the Rose deposit. The new zone is located stratigraphically above the southeast Rose zone, in its east-southeast extension. To date, 25 holes have been drilled on a 100-metre drill grid instead of the 50-metre grid used for earlier holes (LR-10-140 to LR-11-165, not included in the last resource estimate). All these holes intersected mineralized zone. This 100-metre drill grid will allow for a rapid increase in resources. The results obtained to date for these holes are shown in the table below.The recently-obtained results are as follows:

HOLE

FROM

TO

TRUE WIDTH

LI2O

Ta2O5

BeO

Rb

Ga

Cs

#

(m)

(m)

(m)

(%)

ppm (g/t)

ppm (g/t)

ppm (g/t)

ppm (g/t)

ppm (g/t)

LR-11-144

110.05

119.65

9.60

0.91

136

348

2447

64

101

131.40

137.45

6.05

1.17

82

385

1730

64

69

LR-11-145

137.15

151.15

14.00

0.98

78

298

1882

70

73

159.70

163.00

3.30

0.6

99

311

2423

70

89

LR-11-146

140.10

147.55

7.45

0.28

136

281

3058

67

96

162.85

175.90

13.05

1.47

100

494

2306

61

62

Drilling will resume next Monday, where the drill will be mobilized on Hole JR-11-13 to follow up on the 12 holes drilled on this zone in December 2010. The Company hopes to be able to outline a resource for this zone fairly quickly.

A map showing the location of the holes drilled at the Pivert/Rose Lithium project can be found in the Rose Project section of the Company’s website, at www.cecorp.ca.

In addition, nine 50-metre holes were also drilled on the Pivert-East (2), Pivert-South (2) and Helico (5) showings for a total of 450 metres. These holes confirmed the presence of multiple Tantalum-beryllium-rich zones. The Company plans to carry out more detailed surface work around these showings to better determine the strike and dip of these new Tantalum-beryllium zones.

HOLE

FROM

TO

TRUE WIDTH

LI2O

Ta2O5

BeO

Rb

Ga

#

(m)

(m)

(m)

(%)

ppm (g/t)

ppm (g/t)

ppm (g/t)

ppm (g/t)

HE-10-01

9.00

11.35

2.35

0.94

> 100

683

1893

113

HE-10-02

7.80

9.90

2.10

0.35

282

506

1513

112

50.90

52.40

1.50

150

288

1329

79

HE-10-03

9.40

11.45

2.05

204

422

980

114

39.80

40.80

1.00

195

445

750

85

42.70

43.90

1.20

0.77

133

279

2490

91

HE-10-04

8.90

10.30

1.40

1.00

169

888

2189

106

17.65

18.25

0.60

232

218

660

92

44.60

46.70

2.10

107

388

4054

89

HE-10-05

12.10

13.60

1.50

328

331

3421

131

40.70

43.00

2.30

0.58

121

394

2431

96

PE-10-01

1.50

3.80

2.30

66

601

1429

54

12.30

12.90

0.60

122

293

610

58

43.10

44.15

1.05

> 100

431

1285

66

PE-10-02

3.70

5.30

1.60

0.77

> 100

680

2196

75

41.70

43.00

1.30

97

414

2799

51

PS-10-01

8.90

11.10

2.20

0.37

59

239

3240

84

29.65

30.20

0.55

101

327

1990

75

46.95

47.60

0.65

> 100

247

1470

64

PS-10-02

9.70

10.75

1.05

0.91

> 100

362

1174

92

11.30

11.70

0.40

110

383

1470

84

30.55

31.05

0.50

104

304

1950

72

46.00

46.45

0.45

> 100

246

160

41

* 1 ppm = 1 g/t
All samples were sent for analysis in sealed containers to the ALS Chemex laboratory in Val-d’Or by employees of the Company. ALS Chemex is the laboratory used for analysis of all samples from programs on the Lac Pivert/Rose property. The samples are weighed and identified prior to sample preparation. The samples are crushed to 70% minus 2 mm, then separated and pulverized to 85% passing 75 µM. All samples are analyzed using ICP-MS, with full analysis for 47 elements.

Jean-Sebastien Lavallee (OGQ #773), geologist, shareholder and President and Chief Executive Officer of the Company and a Qualified Person under NI 43-101, has reviewed and approved the technical content of this release.For more information, contact
Jean-Sébastien Lavallée, P.Geo
President and CEO
819-354-5146*protected email*

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